Gift of the Butterfly Charitable Works Monthly Financial Report – April

The following is April 2024’s financial summary for the project to fund St. Bakhita Foundation Orphanage.

Gift of the Butterfly Funds

  • Carried over from Mar 2024: $74.60
  • Total Donations Received: $1258.00
  • McClain Family Contribution: $0.00
  • April Funds Available: $1332.60

St. Bakhita Foundation Funds

  • Total Donations Distributed in Apr: 750.00
  • Remaining Mar Disbursement: $700.00 (Includes $500 of McClain Family contribution)
  • St. Bakhita April Funds Available: $1450.0 (Includes $500 of McClain Family contribution)

Distributed Donations Paid for*:

  • Rent: $381.68
  • Utilities: $91.60
  • School Fees: $00.00
  • Food and Toiletries: $200.00
  • School Supplies: $26.72
  • Maintenance: $00.00
  • Emergency Medical Bill: $00.00
  • Transportation from/to Boarding School: $74.13
  • Transportation to University: $00.00
  • Transportation to Church: $00.00
  • Grooming: $00.00
  • Phone Bill: $00.00
  • Total Disbursed Funds Used: $774.13
  • Remainder:  $675.87
  • 30 April 2024 Friends of St. Bakhita Account Balance:   $582.60

Outstanding Bills**:

  • School Fees: 22/23 Term 1     $923.85
  • 22/23 Term 2   $1296.92
  • 22/23 Term 3  $1296.92
  • 23/24 Term 1   $1,370.73
  • 23/24 Term 2   $1,370.73
  • 23/24 Term 3 $1,370.73
  • Rent:   $3846.15 (to meet the three-year lease )
  • Medical Bills:     $365.38
  • Term 3 Supplies and Lunches: $581 (total for 14 girls)
  • Term 3 Provisions for high school: $1039 (total for 9 girls)
  • Total Outstanding Bills***:  $13364.60

May Bills***:

  • Utilities: $120
  • Food and Toiletries $385
  • Maintenance Costs   $62
  • Emergency Fund   $13
  • Transportation to University $100
  • Transportation to Church   $35
  • Grooming   $77
  • University Tuition for Student #2: $200
  • University Housing for Students #1 and #2: $366
  • University Fees for Students #1 and #2: $77
  • Partial Payment of Debt $1598
  • Total May Bills $3033

Upcoming Additional Expenditures***:

  • Apprenticeship/Vocational Fees $150-475 per student depending on the school/program 
June
  • Transport from high school $50 (total for 9 girls)

August

University Housing and Provisions: $675

University Tuition: $1400

Transport to High School: $30

*All dollar amounts for paid bills reflect the exchange rate at the time of exchange.

**Outstanding bills are bills that are past due. This includes the three-year advance requirements for housing which is a regular occurrence due to the housing shortage in Accra.

***All dollar amounts for outstanding bills and budgeted costs are calculated at a rate of 13.0 Ghana Cedi/US dollar.